AEX tightens final record | Financial

The AEX closed 0.5% higher on 713.4 points on Thursday. That was after it loss of 0.5% on Wednesday is just enough to break the closing record of the day before. The AMX gained 0.1% on 1044.1 points.

Technical analyst Nico Bakker is cautious in the short term. “The index has moved on to the 717 zone, an extra gift from the market, because chart-technically it should be topped around 705. Now we see on the day ticket signals of top formation through a Evening Star pattern and some black candles. This may all sound a bit technical, but it implies that the market is now ready for a correction towards the 690 zone. ” The AMX is 0.2% higher on 1044.8 points.

Most European stock markets also closed higher. The British FTSE 100, the German DAX and the French CAC 40 won 0.8%, 0.2% and 0.6% respectively.

When the European stock markets closed, the Nasdaq index was 0.8% higher and the Dow Jones index 0.1% lower.

Favorable macro figures

Although in the afternoon it turned out that the number of unemployment benefits in the US was higher than expected last week, investment strategist Olaf van den Heuvel (Aegon Asset Management) emphasizes that the economic reports have generally been favorable recently. “Moreover, growth expectations are being revised upwards, especially in the US.”

He also points to reassuring statements from the US central banking system. “The Fed says it will strive for maximum employment, including for minorities, and tolerate higher inflation. This means that its incentive measures will not be phased out for the time being. The fact that bond yields in the US have fallen slightly recently indicates that the market is not very concerned about inflation now either. ”

Van den Heuvel therefore maintains his positive view on equities. “We are slightly overweight in equities and within the bond segment we have a relatively large number of corporate bonds.”

‘Offer for KPN’

Medical technology company ended in the AEX Philips with a profit of 2.5% in the lead.

Prosus recovered with a gain of 1.8% in part of the loss on Wednesday. The market is looking at what the tech investment fund is doing with the proceeds of € 12.3 billion from the sale of a small portion of its stake in Chinese tech company Tencent.

The suppliers to the chip sector ASML on ASMI climbed 1.6% and 1.3% respectively.

KPN rose 1.4%, thanks to the Wall Street Journal’s report that private equity parties are working on an acquisition. The Swedish EQT and the American Stonepeak would together have at least € 3 per share for the Dutch market leader in telecommunications.

Oil and gas company Shell fell 2.4% without concrete cause.

Insurer Aegon lost 1.9%.

ING declined 0.2%, despite a small price target increase by Kepler Cheuvreux to € 14 on an unchanged buy recommendation. The bank trumps peers, the analyst said, because it can continue to sell more different types of products, while the interest rate hike drives up revenues.

Flow Traders Popular

Trading house led the medium-sized funds Flow Traders with a plus of 3.1%.

The supplier to the food sector Corbion climbed 2.7%.

Stainless steel maker Aperam plus 1.1%, Degroof Petercam raised the target price from € 45 to € 50 with a maintained buy recommendation.

Boskalis this morning rescued the capsized Eemslift Hendrika off the Norwegian coast. The maritime service provider eventually received a salary for work with a 0.4% higher end on the fair.

Air France KLM fell 3.2%.

PostNL posted a 2.1% loss.

Smallcap Avantium won 5.2% after winning a new order for its recyclable alternative to PET bottles.

The Spanish fintech company Allfunds, owned by investment company Hellman & Friedman, wants to go to Euronext in Amsterdam soon, according to Reuters news agency.

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